Indiabulls Real Estate Board in its meeting has considered the possibility of streamlining its existing ‘residential', ‘commercial' and ‘leasing' businesses by segregating ‘commercial & leasing' business carried on by itself and/or through its SPVs and vesting the same into ‘Indiabulls Commercial Assets Ltd' (ICAL) and restructuring/reorganizing its businesses by either (i) restructuring by way of placing ICAL as a separate holding co under the Company to hold its assets and investments relating to ‘commercial & leasing' business segment and to undertake the business & operations of ‘commercial & leasing' business segment and/or explore opportunities to bring in strategic investments; or (ii) by reorganizing its existing businesses by way of a demerger of the undertakings, business, activities & operations pertaining to its commercial & leasing business segments.
Indiabulls Commercial Assets Limited ‘IBCAL’ (Post Restructuring) will develop offices only for the purpose of leasing and earning Annuity Revenues, while Indiabulls Real Estate ‘IBREL’ (Post Restructuring) will develop properties only for the purpose of Selling.
Indiabulls Real Estate is India's third largest real estate company, with its focus on construction and development of residential, commercial and SEZ projects across major Indian metros.
| Company Name | CMP |
|---|---|
| Lodha Developers | 827.75 |
| Dilip Buildcon | 434.80 |
| DLF | 569.60 |
| Oberoi Realty | 1671.50 |
| Ahluwalia Contract(I | 782.75 |
| View more.. | |
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